Reliance Power Limited, (Our Company was originally incorporated as
Bawana Power Private Limited on January 17, 1995 and subsequently changed as Reliance
Delhi Power Private Limited on February 1, 1995 and then changed as Reliance EGen Private
Limited on January 23, 2004 and then changed as Reliance Energy Generation Private Limited
on March 5, 2004 and then changed as Reliance Energy Generation Limited on March 19, 2004
and then changed as Reliance Power Limited on July 4, 2007.) Registered Office: H Block, First Floor, Dhirubhai Ambani Knowledge City, Navi
Mumbai 400 710. www.reliancepower.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 260,000,000 EQUITY SHARES OF Rs. 10 EACH OF RELIANCE POWER LIMITED
("RELIANCE .POWER" OR THE "COMPANY" OR THE "ISSUER") FOR
CASH AT A PRICE OF Rs. 450* PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 440* PER
EQUITY SHARE) AGGREGATING TO Rs. 115,632 MILLION (NET OF RETAIL DISCOUNT) (THE
"ISSUE"). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 228,000,000 EQUITY
SHARES AGGREGATING TO Rs. 101,232 MILLION (NET OF RETAIL DISCOUNT) ("THE NET
ISSUE") AND A PROMOTERS' CONTRIBUTION OF 32,000,000 EQUITY SHARES AGGREGATING Rs.
14,400 MILLION. THE ISSUE CONSTITUTES 11.5% OF THE POST ISSUE PAID-UP CAPITAL OF THE
COMPANY AND THE NET ISSUE CONSTITUTES 10.1 % OF THE POST ISSUE PAID-UP CAPITAL OF THE
COMPANY.

ISSUE PRICE: Rs. 450 PER EQUITY SHARE OF FACE VALUE Rs. 10 EACH*
*A discount of Rs. 20 to the Issue Price determined pursuant to completion of Book
Building Process has been offered to Retail Individual Bidders ("Retail
Discount").

The Issue made through the 100% Book Building Process wherein at least
60% of the Net Issue was to be allocated on a proportionate basis to Qualified
Institutional Buyers ("QIBS") (including 5% of the QIB portion that was to be
allocated specifically to mutual funds). Further, at least 10% of the Issue was to be
allocated on a proportionate basis to Non-Institutional Bidders and at least 30% of the
Net Issue was to be allocated on a proportionate basis to Retail Bidders, subject to valid
bids, being received at or above the Issue Price.

The Issue received 48,02,930 applications for 1599,71,29,272 equity shares resulting in
61.52 times subscription. The details of the applications received in the Issue from
Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor
categories are as under: (Before technical rejections)

Category

No. of
Applications

No. of Shares

Subscription

Qualified Institutional Buyers

446

11299720185

82.60

Non Institutional Investors

21592

. 3706983112

162.59

Retail Individual Investors

4780891

958425975

14.01

Final Demand
A sample of the final demand at different bid prices is as under:

Bid Price

No. of Shares

% to Total

Cumulative
Total

Cumulative %
to total

Rs.405

6763590

0.04

16645636395

100.00

Rs.430

9282000

0.06

16638872805

99.96

Rs.450 & Cut Off Price

16629590805

99.90

16629590805

99.90

16645636395

100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on February 1st, 2008.

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at
the Issue Price of Rs.450 per Equity Share, was finalized in consultation with BSE. The
category was over subscribed 13.572340 times. The total number of shares allotted in this
category is 6,84,00,000 Equity Shares to 41,73,929 successful applicants. The
category-wise details of the Basis of Allocation are as under:

Category

No. of
Applns.

% to
total

Total No. of
Shares
applied

% to
total

No. of
Shares
allocated

Ratio

Total No. of
Shares
allocated

15

60176

1.30

902640

0.10

15

2:27

66855

30

82844

1.79

2485320

0.27

15

4:27

184095

45

67812

1.47

3051540

0.33

15

2:09

226035

60

112793

2.44

6767580

0.73

15

8:27

501300

75

40359

0.87

3026925

0.33

15

10:27

224220

90

70934

1.53

6384060

0.69

15

4:09

472890

105

151763

3.28

15935115

1.72

15

14:27

1180380

120

66497

1.44

7979640

0.86

15

16:27

591090

135

19057

0.41

2572695

0.28

15

2:03

190575

150

57122

1.24

8568300

0.92

15

20:27

634695

165

14203

0.31

2343495

0.25

15

5:06

177540

180

30708

0.66

5527440

0.60

15

8:09

409440

195

19752

0.43

3851640

0.41

15

FIRM

296280

210

172499

3.73

36224790

3.90

15

FIRM

2587485

ADDITIONAL

1

1:147

1173

225

3656564

79.09

822726900

88.62

16

FIRM

58505024

ADDITIONAL

1

10:17

2150923

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue
Price of Rs.450 per Equity Share, was finalized in consultation with BSE. The category was
subscribed 159.556149 times. The total number of shares allotted in this category is
2,28,00,000 Equity Shares to 11,862 successful applicants. The category-wise details of
the Basis of Allocation (Sample) are as under:

Category

No. of
Applns.

% to
total

Total No. of
Shares
applied

% to
total

No. of
Shares
allocated

Ratio

Total No. of
Shares
allocated

240

782

3.81

187680

0.01

15

1:10

1170

255

280

1.36

71400

0.00

15

1:9

465

270

122

0.59

32940

0.00

15

1:9

210

285

54

0.26

15390.

0.00

15

1:9

90

300

841

4.09

252300

0.01

15

1:8

1575

6000

67

0.33

402000

0.01

38

FIRM

2546

50010

8

0.04

400080

0.01

313

FIRM

2504

100005

24

0.12

2400120

0.07

627

FIRM

15048

500010

8

0.04

4000080

0.11

3134

FIRM

25072

1500000

8

0.04

12000000

0.33

9401

FIRM

75208

3000000

4

0.02

12000000

0.33

18802

FIRM

75208

§000000

9

0.04

54000000

1.48

37604

FIRM

338436.

6600000

3

0.01

19800000

0.54

41365

FIRM

124095

6900000

1

0.00

6900000

0.19

43245

FIRM

43245

7047000

1

0.00

7047000

0.19

44166

FIRM

44166

7440000

1

0.00

7440000

0.20

46629

FIRM

46629

7500000

4

0.02

30000000

0.82

47006

FIRM

188024

8700000

1

0.00

870Q000

0.24

54526

FIRM

54526

9000000

1

0.00

9000000

0.25

56406

FIRM

56406

10000005

1

0.00

10000005

0.27

62674

FIRM

62674

12000000

1

0.00

12000000

0.33

75209

FIRM

75209

16500000

5

0.02

82500000

2.27

103412

FIRM

517060

33300000

1

0.00

33300000

0.92

208704

FIRM

208704

39000000

1

0.00

39000000

1.07

244427

FIRM

244427

42000000

2

0.01

84000000

2.31

263220

FIRM

526440

C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares
available (68,40,000) and other QIBs and unsatisfied demands of Mutual Funds were allotted
the remaining available shares (12,99,60,000) on proportionate basis.

Category

FIs/Banks

MFs

FIIs

VCs

ICs

Total

No.of Shares

1,78,54,685

89,33,171

10,43,89,202

2,53,186

53,69,756

13,68,00,000

The Committee of the Board of Directors of the company at its Meeting
held at Murnbai on 1 st February, 2008 has approved the basis of allocation of shares of
the Issue and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the
address of the investors as registered with the depositories. In case the same is not
received within ten days, investors may contact at the address given below. The Refund
Orders have been over-printed with the Bank Mandate details as registered, if any, with
the depositories. The shares allocated to successful applicants are being credited to
their beneficiary accounts subject to validation of the account details with the
depositories concerned. The company is taking steps to get the fully paid-up equity shares
admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of
India Limited within seven working days from the date of approval of the basis of
allocation.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrar to the
Issue, Karvy Computershare Private Limited at http://kcpl.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the
issue quoting full name of the First/ Sole applicant, Serial number of the
bid-cum-application form, number of shares bid for, name of the Member of the Syndicate
and Place where the bid was submitted and payment details at the address given
below: